Overview of Vanguard fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • it denotes the difference between the bid and ask price. When you trade forex, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates Vanguard charges.

Vanguard commission and other fees
Vanguard commission and other trading fees

The good news is that Vanguard has low trading fees in general. We ranked the fees of Vanguard as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Vanguard commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Vanguard commission and other trading fees
Vanguard Chase You Invest Ally Invest
Stock and ETF Low Low Low
Forex - - -
Fund High Low Low
Bond Low Low Low
Options Low Low Low
Futures - - -

Now let's go over the trading fees for each asset class one by one.

Vanguard stock and ETF commissions, spreads

Vanguard stock and ETF commissions are low. Vanguard stock and ETF commissions are charged as per the table below.

Vanguard stock and ETF commission
Vanguard
US stock Asset invested under $50k: $7 for first 25 trades per year, $20 thereafter

You can compare Vanguard stock and ETF fees with the two closest competitors.

Vanguard stock and ETF commission, spreads vs competitors
Vanguard Chase You Invest Ally Invest
US stock $7.0 $0.0 $0.0

Stock and ETF commissions are calculated for a $2,000 trade

Vanguard fund commissions

Vanguard fund commissions are high. The table below shows how Vanguard fund commissions are calculated.

Vanguard fund commissions
Vanguard
Mutual fund $20 per trade if investment is less than $500k, but Vanguard funds and 3000 other funds are free

Check out how Vanguard fund fees compare with the competition.

Vanguard fund commissions
Vanguard Chase You Invest Ally Invest
Mutual fund $20.0 $0.0 $10.0

Fund commissions are calculated for a $2,000 trade

Vanguard bond commissions

Vanguard bond commissions are low. The table below contains the description of Vanguard bond commissions.

Vanguard bond commissions
Vanguard
US Treasury bond $0 per trade for US Treasury bonds, for other bonds $2 per $1,000 face value if you invest less than $500k, max $250

See how Vanguard bond fees stack up against the competition.

Vanguard bond commissions vs competitors
Vanguard Chase You Invest Ally Invest
US Treasury bond $0.0 $0.0 $10.0

Bond commissions are calculated for a $10,000 trade

Vanguard options commissions

You can see below the description of Vanguard options commissions. Vanguard options fees are low.

Vanguard options commissions
Vanguard
US stock index options Under $1 million investment, $0 flat fee plus $1 per contract
US stock options Under $1 million investment, $0 flat fee plus $1 per contract

Compare options commissions charged by Vanguard with those of Chase You Invest and Ally Invest.

Vanguard options commissions vs competitors
Vanguard Chase You Invest Ally Invest
US stock index options $10.0 $6.5 $5.0
US stock options $10.0 $0.7 $5.0

Options commissions are calculated for 10 contracts

Vanguard commission and other fees
Vanguard non-trading fees

In addition to trading fees, it's important to see if Vanguard charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Vanguard with its two closest competitors.

Vanguard non-trading fees vs competitors
Vanguard Chase You Invest Ally Invest
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Vanguard commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Vanguard and its closest competitors. To learn more about Vanguard, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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